How to Design a Fiscal Strategy in a Resource-Rich Country: Guidance Note on the Excel Template (v1.0)

Olivier Basdevant and Eslem Imamoglu

No 2021/002, IMF Fiscal Affairs Department from International Monetary Fund

Abstract: This guidance note describes how to use the Excel-based template developed by the Fiscal Affairs Department (FAD) of the IMF accompanying the note “How to Design a Fiscal Strategy in a Resource-Rich Country.” This template uses data inputs to generate simulations of fiscal policy dynamics. It helps IMF teams and country authorities in RRCs analyze trade-offs associated with alternative fiscal strategies for the use of public resource wealth. Visualizing these trade-offs and assessing their sensitivity to underlying macroeconomic assumptions can help inform policymakers on the most appropriate fiscal strategy, given country-specific circumstances.

Keywords: FADHTN; HTN; resource revenue; calibration method; commodity shock; dropdown menu; shock path (search for similar items in EconPapers)
Pages: 13
Date: 2021-03-09
New Economics Papers: this item is included in nep-cmp and nep-mac
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